New Contract With Cobo Center Locks in North American
International Auto Show Through 2017

DETROIT, Jan. 5,
2012 -- Senior officials for the Detroit Regional Convention
Facility Authority and the North American International Auto Show (NAIAS)
today signed an unprecedented five-year contract that will keep one of the
world's most influential auto shows in the Motor City through 2017.

The agreement represents an aggregate economic impact of $1.75 billion to Southeast Michigan over the life of the deal,
said Larry Alexander, chairman of the
Detroit Regional Convention Facility Authority.

"This is a triumph for the city of Detroit, the region and the state and a huge
endorsement of the transformation we're making at Cobo Center," Alexander
said. "Four short years ago, we were in danger of losing this region's most
recognized annual event and one of its most valuable assets. Today, we're
proud to announce to the world that the North American International Auto
Show will remain in Detroit for the
foreseeable future."

"We're thrilled about the changes we've seen at Cobo Center," said Bill Perkins, senior co-chair of the 2012 NAIAS.
"The essence of good customer relations is customer service and feedback,
and we were pleased that the NAIAS Executive Committee was included in the
Cobo transformation planning process."

"The NAIAS has enjoyed a longstanding relationship with Cobo and the
city of Detroit," Perkins said, and "we
wanted to make this commitment because of the remarkable changes that have
occurred and are planned over the next few years."

About the Detroit Regional Convention Facility AuthorityThe Detroit Regional Convention Facility Authority (DRCFA) was created
in 2009 to operate Cobo Convention and Exhibition Center in Detroit under long-term lease from the city of
Detroit. The DRCFA Board of Directors is
comprised of five representatives selected by the Governor of Michigan, the Mayor of Detroit, and the county executives of Wayne, Oakland
and Macomb. The DRCFA receives funding
from revenues at Cobo Center as well as support from the state's Convention
Fund. For more information, visit the Authority's Web site at
www.DRCFA.org.

About the North American International Auto ShowEntering its 24th year as an international event, the NAIAS is among
the most prestigious auto shows in the world, providing unparalleled access
to the automotive products, people and ideas that matter most
â€“ up close and in one place. One of the largest media events
in North America, the NAIAS is the only
auto show in the United States to earn an
annual distinguished sanction of the Organisation Internationale des
Constructeurs d'Automobiles, the Paris-based alliance of automotive trade
associations and manufacturers from around the world.